SAVE - Pelosi and Mnuchin to talk airline relief
The airline sector is on watch after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin met yesterday to discuss the possibility of standalone legislation of as much as $25B for cash-strapped carriers.Pelosi and Mnuchin plan to talk again today amid what is considered broad bipartisan support for a standalone relief package.Underpinning the urgency of the talks, major airlines announced plans last week to begin furloughing thousands of workers without new federal aid being received.Related stocks: American Airlines (AAL), Delta Air Lines (DAL), Southwest Airlines (LUV), United Airlines (UAL), JetBlue (JBLU), Hawaiian Holdings (HA), Alaska Air Group (ALK), Allegiant Travel (ALGT), Spirit Airlines (SAVE), Mesa Airlines (MESA) and SkyWest (SKYW).
For further details see:
Pelosi and Mnuchin to talk airline relief